• 27 Apr 2024

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11 result(s) for gergely gulyás in Finance

Karácsony: Gov't Strips Budapest of HUF 227 Billion

Karácsony: Gov't Strips Budapest of HUF 227 Billion

The central government has stripped the Budapest municipality of funds amounting to 227 billion forints (EUR 601m) in the past three years, Mayor Gergely Karácsony said on Facebook on Friday.
Rising GDP in Hungary Now at 77% of EU Average

Rising GDP in Hungary Now at 77% of EU Average

Hungarian GDP is 77% of the European Union average, up from 75% in 2022, the head of the prime minister’s office said on Friday, adding that its performance belied the “crowing of leftist experts and the opinions of the central bank”.
Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
EP Votes to Recommend Freezing Hungary Funding

EP Votes to Recommend Freezing Hungary Funding

The European Parliament has proposed freezing European Union funding, saying that the 17 measures taken by Hungary aimed at unlocking its EU funding were not sufficient to offset the systemic risks to the block’s finances.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Forint Strengthens After Rate Hike

Forint Strengthens After Rate Hike

The forint started to weaken on Thursday morning after the MNB raised its one-week deposit facility interest rate by 200 basis points, then firmed later when verbal interventions helped the Hungarian currency.
Hungary Issues USD 4.25 Billion of Dollar Bonds

Hungary Issues USD 4.25 Billion of Dollar Bonds

Hungary issued 4.25 billion dollars of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and 10- and 30-year maturities, Finance Minister Mihály Varga said in a video on Facebook.
Hungary in Talks with Brussels on Recovery Funds for Months

Hungary in Talks with Brussels on Recovery Funds for Months

Speaking at a regular press briefing, the prime minister’s chief of staff said the government has been in talks with Brussels on the EU’s post-pandemic recovery fund for months, dismissing reports that said otherwise as “fake news”.
Forint Under 'Strong Speculative Attack'

Forint Under 'Strong Speculative Attack'

Gergely Gulyás, head of the Prime Minister’s Office, has praised Hungary’s central bank for its “excellent” handling of a “strong speculative attack” against the forint, which he said had been the reason behind the weakening of the national currency to record low levels of 360-370 against the euro.
Karácsony: Gov't Strips Budapest of HUF 227 Billion

Karácsony: Gov't Strips Budapest of HUF 227 Billion

The central government has stripped the Budapest municipality of funds amounting to 227 billion forints (EUR 601m) in the past three years, Mayor Gergely Karácsony said on Facebook on Friday.
Rising GDP in Hungary Now at 77% of EU Average

Rising GDP in Hungary Now at 77% of EU Average

Hungarian GDP is 77% of the European Union average, up from 75% in 2022, the head of the prime minister’s office said on Friday, adding that its performance belied the “crowing of leftist experts and the opinions of the central bank”.
Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
EP Votes to Recommend Freezing Hungary Funding

EP Votes to Recommend Freezing Hungary Funding

The European Parliament has proposed freezing European Union funding, saying that the 17 measures taken by Hungary aimed at unlocking its EU funding were not sufficient to offset the systemic risks to the block’s finances.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Forint Strengthens After Rate Hike

Forint Strengthens After Rate Hike

The forint started to weaken on Thursday morning after the MNB raised its one-week deposit facility interest rate by 200 basis points, then firmed later when verbal interventions helped the Hungarian currency.
Hungary Issues USD 4.25 Billion of Dollar Bonds

Hungary Issues USD 4.25 Billion of Dollar Bonds

Hungary issued 4.25 billion dollars of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and 10- and 30-year maturities, Finance Minister Mihály Varga said in a video on Facebook.
Hungary in Talks with Brussels on Recovery Funds for Months

Hungary in Talks with Brussels on Recovery Funds for Months

Speaking at a regular press briefing, the prime minister’s chief of staff said the government has been in talks with Brussels on the EU’s post-pandemic recovery fund for months, dismissing reports that said otherwise as “fake news”.
Forint Under 'Strong Speculative Attack'

Forint Under 'Strong Speculative Attack'

Gergely Gulyás, head of the Prime Minister’s Office, has praised Hungary’s central bank for its “excellent” handling of a “strong speculative attack” against the forint, which he said had been the reason behind the weakening of the national currency to record low levels of 360-370 against the euro.